Colliers recently finalized the sale of Almeria Logistics Center, a newly built industrial property in Inland Empire West. The 236,129-square-foot facility located at 8300 Almeria Ave. in Fontana was sold for $76.8 million to Cabot Properties by Transwestern Development Company, the seller and developer of the property. The building is fully leased until 2027 to LC Logistics Services.
The West Industrial Capital Markets Team at Colliers, consisting of vice chair Michael Kendall, SVP Gian Bruno, VP Kenny Patricia and associate Kylie Jones partnered with vice chairs Thomas Taylor and Steve Bellitti and EVPs Joey Jones and Scott Sanders to market the property and oversee its sale.
Despite current market challenges, there was strong interest from institutional investors for Almeria Logistics Center due to its high-quality construction, prime location,and long-term tenancy with LC Logistics Services,” said Kendall.”We are pleased with how well this transaction turned out.”
